AmCorp Properties unit in deal to form JV in Japan


KUALA LUMPUR: AmCorp Properties Bhd’s wholly-owned subsidiary, AmCorp Far East Ltd, has signed a co-investment agreement with Grosvenor Asia Pacific Ltd, NRJ Investment Ltd and True Lead Investment Ltd, to form a joint-venture (JV) in Japan.

AmCorp Properties in a filing with Bursa Malaysia said the JV is aimed at investing in a portfolio of high-end residential real estate development projects and commercial value-add projects in Tokyo.

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